The Greater Memphis Chamber's Annual Chairman’s Luncheon was the stage for a significant announcement by xAI, detailing the expansion of their "Colossus" supercomputer facility. This development promises to position Memphis as a central hub for artificial intelligence on a global scale.
xAI, a company focused on leveraging artificial intelligence to expedite human scientific discovery, has begun the process of expanding its supercomputer to include over one million Graphics Processing Units (GPUs). This move represents the most substantial capital investment in the history of the Memphis region. The expansion is part of a broader initiative that began with xAI's initial commitment to the city last June. The Colossus supercomputer facility currently has 100,000 GPUs.
Fortune 500 technology companies Nvidia (NASDAQ:NVDA), Dell (NYSE:DELL), and Supermicro Computer are also set to establish operations in Memphis, reinforcing the city's emerging status as the "Digital Delta."
Brent Mayo of xAI and Ted Townsend, President and CEO of the Greater Memphis Chamber, presented the ambitious project to over 1,000 local business and community leaders. Mayo highlighted the rapid progress and the importance of grid stability through megapack technology, while Townsend underscored the pivotal role of Memphis in providing the necessary resources for xAI's growth and attracting other tech giants.
The Greater Memphis Chamber has formed an xAI Special Operations Team to support the company's expansion. The team, led by Townsend, is dedicated to providing continuous concierge service. Troy Parkes, Senior Vice President of Global Business Development, is at the forefront of the initiative to ensure swift and efficient expansion efforts.
This expansion is set to transform Memphis into a leading technology hub, fostering significant economic growth and establishing the city as a key player in the artificial intelligence industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.